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George Osborne welcomed the news that economic growth in the UK has returned to pre–crisis levels. “We have learned that the British economy is now bigger than it was in the great recession in 2008. It is thanks to the hard work of the B... Continue to article
GEORGE Osborne was hit with a fresh £12bn black hole in the nation's coffers after ministers abandoned the sale of the student loans book. Continue to article
Words: Paul Waugh and Daniel Bond Photos: Paul Heartfield “To defeat a populist party, you defeat them conversation by conversation, doorstep by doorstep, street by street, community by community.” Douglas Alexander is i... Continue to article
George Osborne said the Government had succeeded where past government's had failed in selling off the Royal Mail, adding the sale offered "real opportunities" to its 150,000 employees. "The sale of Royal Mail has brought new money into ... Continue to article
Dave Prentis said public sector workers had lost patience over low pay and poor working conditions. “Don’t forget, when George Osborne said that low-paid public service workers in 2011 would receive a £250 bonus and again in 2012, for so... Continue to article
George Osborne has praised India’s new Prime Minister, Narendra Modi, for a “stunning victory” which he said no one could have predicted. "We should first of all congratulate Mr Modi on a stunning victory. No one could have predicted tha... Continue to article
On the first day his joint visit to India with Chancellor George Osborne, William Hague has made a speech to business, education and civil society representatives in Mumbai. The Foreign Secretary said: I am delighted to be here in India... Continue to article
Full text of the Chancellor's speech during his visit to India. Mumbai is the financial capital of this great country - and so there’s no better place to talk about the deep economic partnership between my nation and yours, and what we c... Continue to article
George Osborne said the Government would ensure that the review into child abuse allegations would go “as far as it needs” to uncover the truth. “In my view, it needs to go as far as it needs to go to find out what happened. That’s the... Continue to article
Labour leader Ed Miliband (09.45) speaks at the Sutton Trust/Pearson summit in London on higher education where he is expected to announce Labour's plans for vocational education. Skills minister Matthew Hancock (14.00) and education commit... Continue to article
Prime minister David Cameron and deputy prime minister Nick Clegg have announced new growth deals for local authorities and businesses Labour leader Ed Miliband announces new local council devolution plans Home secretary Theresa May ... Continue to article
Chancellor George Osborne was forced to enter into the debate over Prime Minister’s Questions today, in the opening edition of a new interview series launched by children’s newspaper First News and Sky News. Prime Minister’s Questions is in... Continue to article
Ed Balls confirmed Labour would not cut corporation tax if it came to power, instead pushing for lower business rates "I said that we supported the cut in corporation tax down from 33p down to 21p. I said we wanted to keep the lowest lev... Continue to article
Ed Miliband has set out plans to devolve funding and powers to regions and cities. The proposals, which are based on a review by former Cabinet minister Lord Adonis, will see regions keep any additional revenue that is raised from busin... Continue to article
Downing Street did not deny that some of EU reforms sought by the Prime Minister would require treaty change and the unanimous support of other countries. The Prime Minister's Official Spokesman: "He thinks there is going to be treaty ch... Continue to article
Ed Balls has set out plans for reform of the tax system, which included a commitment to keeping corporation tax below 26.5% and clamping down on tax avoidance. The Shadow Chancellor attempted to establish a clear stance on Labour’s relat... Continue to article
Ed Balls insisted Labour was not afraid to take radical decisions and denied there was a split with policy review chief Jon Cruddas, after he described a “dead hand” at the centre of the party blocking bold reform. “We’re going to come u... Continue to article
Treasury press release The government has today announced that no new loans at or above 4.5 times borrowers’ income can be included in the Help to Buy mortgage guarantee scheme, following the introduction of a Loan-To-Income (LTI) limit ... Continue to article
Ed Balls urged the House of Commons to support his proposals for the OBR to audit parties’ manifestos, ahead of a vote later today. The Shadow Chancellor also accused George Osborne of not engaging on the issue, as the Chancellor failed ... Continue to article
Given the fact that – the moment the verdict on Andy Coulson was announced in the House of Commons – George Osborne began using the ‘Aha, what about Damian McBride’ defence, it’s safe to assume this is what’s known as the ‘line to take’ for the Tories, and doubtless we’ll hear it again when David Cameron makes his own ‘apology’ to the House of Commons. Continue to article
Ed Balls has accused George Osborne of bringing the Government into disrepute by hiring Andy Coulson, after the former No 10 communications chief was found guilty of phone hacking. Following a long-running trial stemming from allegation... Continue to article
Ed Balls said "nobody will believe" George Osborne's claims to be planning to regenerate the North with a new high-speed rail link. The IEA called it a "headline-grabbing vanity project". However, Natalie Rowe aka Madam Pain, just simply th...
John Prescott accused George Osborne of using plans for High Speed 3 to win votes in marginal constituencies. “I did [have a vision for high speed rail in northern England] in 2004 and here it is, he [George Osborne] has even nicked the... Continue to article
Welcome to the Power Hall in the great Museum of Science and Industry here in Manchester. We are surrounded by the beam engines and hydraulic accumulators and turbines that made this part of Britain the economic powerhouse of the world a... Continue to article
George Osborne outlined his ambition to create a “northern powerhouse” of cities to rival London by improving transport links. The Chancellor floated the idea of a new high-speed rail link to boost the economy of the region – a plan that w... Continue to article
LONDON (Reuters) - British finance minister George Osborne welcomed on Monday that Bank of England Governor Mark Carney had signalled to the public that interest rates would have to rise as the econom... Continue to article
George Osborne outlined his ambition to create a “northern powerhouse” by improving transport links between cities in the north of England and potentially introducing elected mayors. “In this country we have some great cities, but none... Continue to article
Chuka Umunna accused the Chancellor of “running scared” of allowing the Office for Budget Responsibility to audit Labour’s economic strategy in the run up to the 2015 general election. “One of the things we are asking for, and there is... Continue to article
George Osborne argued more borrowing and spending would be required to fund Labour's proposed welfare reforms. “Our economic plan means that welfare bills are coming down, and work always pays. If you look in detail at this Labour plan –... Continue to article
George Osborne said today's inflation figures was further evidence of the country's economic security. "When it comes to the housing market, I've given new powers to the Bank of England to intervene, I want to make sure we do nothing tha... Continue to article
George Osborne said an indication by the Governor of the Bank of England that interest rates may rise this year suggests the economy is heading back to normal. "Inevitably, interest rates will rise gradually. Of course, when that happens... Continue to article
Lord Lawson accused Bank of England governor Mark Carney of being too cautious with regard to interest rate rises in the past, and called for a quarter-point increase to be implemented this year. “I think that he’s not all that hawkish -... Continue to article
George Osborne announced he would give the Bank of England new powers to cap the size of mortgage loans. "I'm acting against future risks in the housing market by today giving the Bank of England new powers to intervene and control the s... Continue to article
In bid to allay fears of a growing housing bubble, chancellor plans to allow Bank of England to limit size of mortgages George Osborne will use his Mansion House speech on Thursday to give City regula... Continue to article
Ed Balls has accused minister of “burying their heads in the sand” and failing to take the necessary action to address the problems in Britain’s economy. The Shadow Chancellor was speaking in a Commons debate on the Queen’s Speech. In t... Continue to article
Ed Miliband MP, Leader of the Labour Party, in a speech to the GMB Congress 2014 in Nottingham, said: I want to pay tribute to the fantastic work that the members of the GMB have done over this year. The GMB takes a stand for the values... Continue to article
Anthony Browne welcomed George Osborne’s plans for tougher punishment for financial market rigging, saying Britain needed to be the “gold standard” for regulation. “It’s absolutely true that we need good regulation, clear regulation that... Continue to article
Andrea Leadsom said George Osborne’s plans to toughen up punishments for market rigging in the City, including a new criminal offence for manipulation of foreign exchange markets, was an example of the Government getting “ahead of the game”... Continue to article
Alex Salmond said he was certain David Cameron asked President Obama to make an intervention about Scottish Independence. “I comfort myself with the fact that although his intervention was a surprise because America has been very carefu... Continue to article
Chancellor George Osborne delivers his annual Mansion House speech in London (19.30) Exchequer Secretary to the Treasury David Gauke (10.00), home secretary Theresa May (11.05), shadow care minister Liz Kendall (14.45), Jeremy Browne MP ... Continue to article
The Cabinet Secretary is leading the investigation into the public spat between Michael Gove and Theresa May over Islamic extremism in schools, Downing Street has confirmed. Building on comments made by Chancellor George Osborne this mor... Continue to article
George Osborne admitted the row between Michael Gove and Theresa May over extremism in Birmingham schools was an unnecessary “distraction” to the Government. “The Prime Minister has asked Downing Street – and that includes the Cabinet Se... Continue to article
What characteristics constitute a good leader? Does a politician require Churchillian rhetoric that can inspire a nation, a natural ease that makes people want to join them for a pint, dead-eyed calm and cutting intelligence to make the rig... Continue to article
IFS press release New calculations – based on forecasts from the Office for Budget Responsibility (OBR) – suggest that an independent Scotland would face a budget deficit of 5.5% of GDP (£8.6 billion in today’s terms) in its first year o... Continue to article
I want to thank the Institute for Chartered Accountants in England and Wales for hosting this morning’s focus on the long-term challenges facing the public finances and tackling Britain’s fiscal deficit. The ICAEW has been a relentless camp... Continue to article
David Gauke praised HMRC for their work in the tax avoidance crackdown. "There's a variety of things that have been done to increase the yield, there are various campaigns that HMRC have launched, there's better use of technology. I thin... Continue to article
Lord Heseltine said he would find it “very difficult” to support the Conservative party if it entered into a pact with UKIP. “It would be very difficult... Now, here I’m doing the political thing because what would I do? Sit on my bottom... Continue to article
SNP press release Scotland will not be fooled by Westminster again, the SNP has said ahead of the launch of a UK Government Scotland Analysis paper that will attempt to talk down Scotland’s finances. In recent years, Tory Chancellor Geor... Continue to article
SNP press release Scotland will not be fooled by Westminster again, the SNP has said ahead of the launch of a UK Government Scotland Analysis paper that will attempt to talk down Scotland’s finances. In recent years, Tory Chancellor Geo... Continue to article
George Osborne said the Conservative party must listen to and respect people who voted for UKIP if it is to succeed at next year’s general election. “We take very seriously the fact that people voted UKIP, we respect that fact but we hav... Continue to article
Mortgage lending is still tight despite a rise in the number of approvals in July. Mortgages advanced to customers increased to 56,000, up 7% on June, according the Council of Mortgage Lenders (CML) said.
George Osborne is putting pressure on David Cameron to drop some of the Coalition's green policies, including building more onshore wind-turbines, his father in law has claimed in an undercover video. A Greenpeace activist posing as an anti-windfarm lobbyist filmed Lord Howell and Tory MP Peter Lilley saying that Osborne used the recent ministerial reshuffle to "get people into key positions who could begin to get the Government off the hook from the commitments it made very foolishly".
The Government will take “further action” to ensure the rich contribute more towards paying down the UK’s deficit, the Prime Minister and Chancellor have signalled.
In an interview this morning, David Cameron echoed George Osborne’s insistence that the Coalition would not implement a ‘mansion tax’ or other form of wealth taxes.
He also played down the likelihood of changing the top rate of tax again, but he told the Andrew Marr Show: “We will make sure that the rich will pay their fair share, that the burden is evenly shared.”
Speaking to Sky News today, Mr Osborne ruled out a mansion tax and annual wealth levy but warned the rich will have to make an 'additional contribution' in coming Budgets.
“I don’t think either of those ideas are the right ones... we’re not going to have a new mansion tax, nor do I think it’s sensible to have a wealth tax."
Mr Cameron also confirmed the Conservatives would be looking at cutting the welfare budget further – something that Nick Clegg said he would only allow if there were corresponding measures to increase the contribution from the rich.
The Liberal Democrats are also likely to have been ruffled by Mr Osborne’s comments to the Mail on Sunday that the demands for a mansion tax were based on "the politics of resentment".
George Osborne has announced the creation of a new Office for Unconventional Gas after an independent science panel gave the go ahead for the controversial fracking process, albeit under a tight safety regime. The Chancellor's ‘dash for gas’ has been criticised by environments who fear Britain will not be able to meet carbon reduction targets.
The eurozone crisis, the US fiscal situation and a slowdown in emerging markets could usher in another global recession, George Osborne has warned a conference in Tokyo.
The warning comes as the IMF and eurozone reach a deadlock on how much of Greece's debt should be written down, with the IMF arguing £24bn writedowns will be necessary to solve the crisis.
Vince Cable has indicated improving access to finance for businesses will be a key part of the Government’s new industrial strategy which he will set out in more detail tomorrow.
Speaking in the House of Commons after Labour was granted an Urgent Question, the Business Secretary confirmed the Government was “actively looking” at the possibility of setting up a business bank to improve access to finance.
Other key areas he highlighted were dealing with problems sector-by-sector, improving technology, better skills for workers, and changing public sector procurement.
Dr Cable’s Labour counterpart Chuka Umunna was given the opportunity to scrutinise the plans ahead of the Business Secretary's announcement tomorrow.
Earlier today, the Business Department unveiled plans to exempt thousands of small businesses from health and safety regulations. At least 3,000 regulations, which some businesses have complained are holding them back, are to be removed.
Dr Cable promised the Government would now be "holding departments' feet to the fire to ensure all unnecessary red tape is cut".
25/07/2014 on Pooled clip
22/07/2014 on BBC News
21/07/2014 on Good Morning Britain, ITV
11/07/2014 on Pooled Clip
10/07/2014 on Good Morning Britain, ITV
08/07/2014 on World At One, BBC Radio 4
Summaries and transcripts from TV and radio
27/07/2014 on World This Weekend, BBC Radio 4
27/07/2014 on Sky News
27/07/2014 on Andrew Marr Show, BBC One
6 hours ago